Yahoo_Asker_G
08-02-2007, 05:08 AM
Estate license to sell a home? How can a person sell a home on the behalf of a home owner without having a Real Estate license? Is there a way to do this legally?
arctic_rash
08-02-2007, 03:20 PM
maybe just say it's for sale by owner?
jsullymaan
08-02-2007, 07:32 PM
Just have them For Sale by Owner and you be the point of contact...if the person wants to give you money for helping you out, that is exactly what it is..you can even get on the MLS now for $500 and actually be listing the property for your friend.
Business Mom
08-02-2007, 07:42 PM
i guess if the homeowner wants to take that risk...then that is his choice.personally there are too many laws , forms etc ...i would rather have a state Licensed Real Estate Agentgood luck :)
talldude
08-02-2007, 10:22 PM
It's illegal (in FL) to sell Realestate without a license,but if I remember correctly there are a couple of exceptions: 1) you're selling as a representative to settle the sale of property for an estate.2) you're a salaried employee and don't receive commission for selling units. You may want to contact a local realestate agent or broker you trust and ask to be sure - you sure don't want to do anything illegal.
dolphyns2000
08-03-2007, 03:54 AM
Get a realtor. That's what they do, and I don't know what state you are in, but I would think it would be pretty chancy to try to sell someone's home. You open yourself up to all kinds of liability. If you show a house, you are presenting yourself as a realtor and the real estate commission won't look too highly on that. If the homeowner wants to sell the home and is too cheap to hire a realtor to do it right, they can sell it by owner, but you need to stay out of it. You are not a realtor, you do not know the workings of a real estate transaction, and ultimately could end up getting sued.
no-nickname
08-03-2007, 01:16 PM
My only advice to you would be to heed other's advice from this question carefully. What I do know is that Real Estate Laws vary considerably from one jurisdiction to another and the advice one gives you may be appropriate for their part of the world but not yours. you might get more useful information if you specify your town and ask for information from those familiar with the laws of that area.
sara h
08-03-2007, 01:53 PM
That individual must have a power of attorney in most states, designating his/her authority to sell that home in order to be able to sell it. That person with the power of attorney, however, may NOT collect a fee for their services or they are in fact acting in the capacity of a licensed real estate agent and are in violation of the law, subject to prosecution.
Sheka G
08-03-2007, 06:18 PM
I know you don't need a real estate license to wholesale a property for a person. You can go to contract (real estate sales contract to purchase the property) with the homeowner for a specified amount and look for an investor to buy the property. When you find an investor you tell the investor what your assignment fee is for that contract (typically $3-$10 depending on the numbers). The assignment fee is normally negotiable between you and the investor.